Buenaventura Mining Company Inc. (NYSE:BVN) Downgraded by Zacks Investment Research

Buenaventura Mining Company Inc. (NYSE:BVN) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, November 2nd.

According to Zacks, “COMPAÑÍA DE MINAS BUENAVENTURA is a leading mining company producing precious metals and holding mining rights in Peru. Since its inception in 1953, Buenaventura has focused on exploration and exploitation activities both by its own and through joint ventures. Buenaventura also is an important shareholder of Minera Yanacocha S.R.L., one of the leading gold producers in Latin America. “

Several other equities research analysts also recently issued reports on BVN. BidaskClub raised shares of Buenaventura Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Credit Suisse Group reaffirmed a “hold” rating on shares of Buenaventura Mining in a research report on Friday, July 28th. Morgan Stanley upgraded shares of Buenaventura Mining from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $13.00 to $17.30 in a research note on Monday, September 25th. Finally, Scotiabank upgraded shares of Buenaventura Mining from an “underperform” rating to a “sector perform” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.65.

Shares of Buenaventura Mining (BVN) opened at $14.30 on Thursday. Buenaventura Mining has a 12 month low of $9.87 and a 12 month high of $14.96. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.16.

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Several institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank lifted its position in shares of Buenaventura Mining by 1.3% during the 1st quarter. Comerica Bank now owns 15,760 shares of the mining company’s stock valued at $183,000 after acquiring an additional 205 shares during the period. California Public Employees Retirement System lifted its position in shares of Buenaventura Mining by 0.7% during the 2nd quarter. California Public Employees Retirement System now owns 268,306 shares of the mining company’s stock valued at $3,086,000 after acquiring an additional 1,756 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Buenaventura Mining by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 401,354 shares of the mining company’s stock valued at $4,595,000 after acquiring an additional 1,895 shares during the period. Aviva PLC lifted its position in shares of Buenaventura Mining by 5.6% during the 2nd quarter. Aviva PLC now owns 35,772 shares of the mining company’s stock valued at $411,000 after acquiring an additional 1,900 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Buenaventura Mining by 23.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,697 shares of the mining company’s stock valued at $265,000 after purchasing an additional 3,897 shares in the last quarter. Institutional investors own 44.95% of the company’s stock.

About Buenaventura Mining

Compania de Minas Buenaventura SAA. (Buenaventura) is a precious metals company. The Company is engaged in the exploration, mining and processing of gold, silver and other metals in Peru. The Company’s segments include Production and sale of minerals; Exploration and development activities; Construction and engineering services; Energy generation and transmission services; Insurance brokerage; Rental of mining concessions; Holding of investment in shares (mainly in Minera Yanacocha S.R.L.

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